Answer:
$960
Explanation:
Given the information from the question. We need to calculate the contribution can she deduct Since Lois paid $1200 to customary IRA and she received a $240 savers credit. Thus, she will get derivation commitment less savers credit .as a result to get contribution can she deduct is $1200-$240= $960. Therefore, the correct answer is $960.
Answer:
Effective
Explanation:
Segregation of duties (SOD) is an essential part of the effectiveness of internal controls for any business. This integral separation ensures that key processes are performed by more than one person to prevent fraud or financial misstatement. While technology continues to become more sophisticated, the time is now to implement controls that segregate key functions within processes such as cash disbursements, investments, payroll, and many other areas.
Maarja's Razors is implementing effectively the segregation of duties. Key processes are performed by more than one person, and this helps in flexibility of operations.
Answer:
Option (D) is correct.
Explanation:
In United states:
Can produce 25 tons of steel or 250 automobiles,
Opportunity cost of producing a ton of steel = 250 ÷ 25
= 10 automobiles
Opportunity cost of producing 1 automobile = 25 ÷ 250
= 0.1 tons of steel
In Japan:
Can produce 30 tons of steel or 275 automobiles,
Opportunity cost of producing a ton of steel = 275 ÷ 30
= 9.17 automobiles
Opportunity cost of producing 1 automobile = 30 ÷ 275
= 0.11
Therefore,
United States has a comparative advantage in producing automobiles because the opportunity cost of producing automobiles is lower than the Japan.
Japan has a comparative advantage in producing steel because the opportunity cost of producing steel is lower than the United states.
Answer:
<u>D. Permitting Timothy to make up time lost due to the observance of religious practices is a reasonable religious accommodation.</u>
Explanation:
This statement is true in line with normal workplace ethics. Also, been his superior it would favor the company if Timothy is asked to make up time lost due to the observance of his religious practices.
A reasonable employer knows that his employees also have a constitutional right to freedom of worship, and would be flexible in the company policy on working hours.
Answer:
a. The wholesale cost for the guitars that Felix pays the manufacturer
- explicit cost (or accounting cost)
b. The rental income Felix could receive if he chose to rent out his showroom
- implicit cost (or opportunity cost)
c. The salary Felix could earn if he worked as a paralegal
- implicit cost (or opportunity cost)
d. The wages and utility bills that Felix pays
- explicit cost (or accounting cost)
Felix's accounting profit = $722,000 - $422,000 - $268,000 = $32,000
Felix's economic profit = accounting profit - implicit costs = $32,000 - ($21,000 + $2,000) = $32,000 - $23,000 = $9,000
Opportunity costs are the extra costs or benefits lost from choosing one activity or investment over another alternative.
